EUR/NZD - 1H - Technical analysis published on 10/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 1.7717 NZD
My targets
1.7780 NZD (+0.0039)
1.7831 NZD (+0.0090)
My analysis
A bullish trend on EUR/NZD both in substance and in the short term. A purchase could be considered as long as the price remains above 1.7717 NZD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.7780 NZD. Then the price could move towards 1.7831 NZD. Then 1.7887 NZD by extension. Be careful, a return below 1.7717 NZD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NZD rating 1.7741 NZD. On the day, this instrument lost -0.01% and was between 1.7715 NZD and 1.7774 NZD. This implies that the price is at +0.15% from its lowest and at -0.19% from its highest.1.7715
1.7774
1.7741
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of EUR/NZD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7583 | 1.7659 | 1.7717 | 1.7741 | 1.7780 | 1.7831 | 1.7887 |
| Change (%) | -0.89% | -0.46% | -0.14% | - | +0.22% | +0.51% | +0.82% |
| Change | -0.0158 | -0.0082 | -0.0024 | - | +0.0039 | +0.0090 | +0.0146 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7522 | 1.7581 | 1.7662 | 1.7721 | 1.7802 | 1.7861 | 1.7942 |
| Camarilla | 1.7705 | 1.7717 | 1.7730 | 1.7743 | 1.7756 | 1.7769 | 1.7782 |
| Woodie | 1.7533 | 1.7587 | 1.7673 | 1.7727 | 1.7813 | 1.7867 | 1.7953 |
| Fibonacci | 1.7581 | 1.7635 | 1.7668 | 1.7721 | 1.7775 | 1.7808 | 1.7861 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5729 | 1.5958 | 1.6090 | 1.6319 | 1.6451 | 1.6680 | 1.6812 |
| Camarilla | 1.6122 | 1.6155 | 1.6188 | 1.6221 | 1.6254 | 1.6287 | 1.6320 |
| Woodie | 1.5680 | 1.5934 | 1.6041 | 1.6295 | 1.6402 | 1.6656 | 1.6763 |
| Fibonacci | 1.5958 | 1.6096 | 1.6181 | 1.6319 | 1.6457 | 1.6542 | 1.6680 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7047 | 1.7247 | 1.7476 | 1.7676 | 1.7905 | 1.8105 | 1.8334 |
| Camarilla | 1.7587 | 1.7626 | 1.7666 | 1.7705 | 1.7744 | 1.7784 | 1.7823 |
| Woodie | 1.7062 | 1.7254 | 1.7491 | 1.7683 | 1.7920 | 1.8112 | 1.8349 |
| Fibonacci | 1.7247 | 1.7411 | 1.7512 | 1.7676 | 1.7840 | 1.7941 | 1.8105 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.90 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -0.0670 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.7743 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7767 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.7698 | |
| Zig ZAG (10): | 1.7741 | |
| VORTEX (21): | 0.9864 | |
| Stochastique (14,3,5): | 30.51 | |
| TEMA (21): | 1.7733 | |
| Williams %R (14): | -55.93 | |
| Chande Momentum Oscillator (20): | 0.0013 | |
| Repulse (5,40,3): | 0.0942 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0036 | |
| Courbe Coppock: | 0.12 |
| MA7: | 1.7680 | |
| MA20: | 1.7735 | |
| MA50: | 1.7780 | |
| MA100: | 1.7628 | |
| MAexp7: | 1.7736 | |
| MAexp20: | 1.7739 | |
| MAexp50: | 1.7727 | |
| MAexp100: | 1.7724 | |
| Price / MA7: | +0.35% | |
| Price / MA20: | +0.03% | |
| Price / MA50: | -0.22% | |
| Price / MA100: | +0.64% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.10% |
Quotes :
2020-10-16 20:59:45
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Real time data
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Forex
News
The last news published on EUR/NZD at the time of the generation of this analysis was as follows:
iFOREX Market Headlines 14-03-2017: USD, EUR/NZD and Alibaba.This member declared not having a position on this financial instrument or a related financial instrument.
About author
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